Alice Queen boosts war chest

ALICE Queen’s two largest shareholders — Datt Capital and Chris Morris — have acted as cornerstone investors in a A$7 million placement to accelerate its exploration efforts in New South Wales’ Lachlan Fold Belt and on Horn Island, Queensland, outside its joint venture with St Barbara.

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Alice Queen has raised $7 million to accelerate exploration

The placement, which was undertaken two weeks after the company reported early encouraging results from its Boda East drilling, was reportedly subject to widespread interest from both new and existing